M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
Although the price may carry on the bullish momentum on h1 higher time frame, as the buyers are holding the last support at 1.31777. Meanwhile the m15 time frame following the higher time frame bullish structure. Meanwhile, the price set up the fresh demand zone at 1.33956 on m15 time frame. In addition, a decisive close above 1.34160 on h1 time frame, would confirm the fresh higher time frame support at 1.33990. Moreover, a break above 1.34160 on m15 time frame, may confirm the fresh support at 1.33956 on m15.
Support Zones
M15 Support Zone
133956 – 1.33925
Fresh Demand Zone
Short Term Key Support Base
H1 Support Zone
1.32432 – 1.32373
Fresh Demand Zone
Higher Time Frame Support Base
Resistance Zones
M15 Resistance Zone
1.35627 – 1.35657
Pending Supply Zone
Short Term Key Resistance
H1 Resistance Zone
1.34960 – 1.35079
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although may extend its bullish momentum on h1 time frame, as price trades above the last support at 1.31777 on h1 time frame. In addition, if price closes below 1.32373 on h1 time frame. As a result, price may validate the character shift towards the bearish side, while confirming the fresh resistance zone at 1.33389 – 1.33466 on h1 time frame. Moreover, a decisive close below 1.33925 on m15 time frame. Meanwhile, the price would validate the change of character on m15 time frame towards the bearish side. As a result, price would confirm the fresh supply zone at 1.34145 – 1.34159 on m15.
Nyc Session Update
Although the structure may continue to favor the buyers on h1 higher time frame, as the price trades above last last support at 1.33930. Meanwhile the price set up the fresh support zone at 1.33991 on h1 time frame. On the other hand, the m15 time frame confirmed the fresh support zone at 1.34166 on m15, as the price decisively closes above 1.34460 on m15. In addition, a decisive close above 1.34461 on h1, would indicate the continuation of bullish structure, the price may confirm the fresh support at 1.34244 – 1.34069 on h1
Key Support & Resistance Zone
Support Zones
M15 Support Zone
1.34166 – 1.34072
Fresh Demand Zone
Short Term Key Support Base
H1 Support Zone
1.33991 – 1.33930
Fresh Demand Zone
Higher Time Frame Support Base
Resistance Zones
M15 Resistance Zone
1.35627 – 1.35657
Pending Supply Zone
Short Term Key Resistance
H1 Resistance Zone
1.34960 – 1.35079
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
Although the price may continue its bullish momentum on h1 time frame, as price trades above the last support at 1.33930 on h1 time frame. Therefore, a closes below 1.33930 on h1 time frame. As a result, price may confirm the character shift towards the bearish side, while establishing the fresh resistance zone at 1.34044 – 1.34158 on h1 time frame. Moreover, a decisive close below 1.34072 on m15 time frame. Meanwhile, the price would confirm the change of character on m15 time frame towards the bearish side. As a result, price would form the fresh supply zone at 1.34422 – 1.34443 on m15.
Key Takeways
Trend: Bullish
Bias: Buy On Dips
Follow H1 Structure
Disclaimer
Although this analysis is for educational and informational purposes only. Therefore it does not constitute financial advice. However always manage your risk and trade responsibly.